Warning Concerning the Investment Taking Activities of Almasai Finance and Investment/Almasai Equity Holdings Corp.

August 10, 2018SEC ADVISORYThe Commission has received information that Overseas Filipino Workers based in Dammam and Al Hassa in the eastern province of Saudi Arabia, who were recruited to join an NGO named SANGGUNIANG MASANG PILIPINO INTERNATIONAL (SMPII) INCORPORATED with office located at 504 EDSA, Barangay Socorro, Murphy, Cubao, Quezon City were enticed to invest with ALMASAI FINANCE AND INVESTMENT/ALMASAI EQUITY HOLDINGS CORP. where a member of SMPII can place with ALMASAI FINANCE AND INVESTMENT/ALMASAI EQUITY HOLDINGS CORP. a minimum investment of P50,000.00 that will yield 5% earnings per month. The public is hereby warned concerning the investment taking activities of ALMASAI FINANCE AND INVESTMENT/ALMASAI EQUITY HOLDINGS CORP.ALMASAI FINANCE AND INVESTMENT is not an SEC-registered entity as a corporation or as a partnership and was not also issued a secondary license as a broker and/or dealer of securities, dealer in government securities, investment adviser of an investment company, investment house and transfer agent. It has not filed nor has any pending application for primary and secondary licenses with the Commission.ALMASAI EQUITY HOLDINGS CORP., despite having...